Which of the following would incur the highest labor adjustment costs for people just losing their jobs?
A) waiting to be rehired by the same company
B) finding another job in the same location
C) moving to another more prosperous part of the country
D) collecting unemployment checks from the government

Question

Quizplus · Accepted Answer

Moving to another more prosperous part of the country would incur the highest labor adjustment cost as it involves relocating to a new area, finding new housing, and potentially adjusting to a new culture, all of which can be expensive and time-consuming. Option A may also incur some adjustment costs, but to a lesser degree since the worker is waiting to be rehired by the same company. Option B may require some effort and time to find a new job, but it is still within the same location, and adjustment costs are likely to be lower. Option D involves collecting unemployment checks from the government, which may involve some paperwork, but it does not incur any significant labor adjustment costs.

Which of the Following Would Incur the Highest Labor Adjustment